Germany’s Voith to form rail Joint Venture with CRRC

FRANKFURT: German mechanical engineering conglomerate Voith, which makes train components, plans to start a joint venture with the world’s largest China’s state-owned rolling stock manufacturer CRRC Corp,.

Voith has already registered its plans with Germany’s Federal Cartel office, Welt am Sonntag said. China’s contacts and companies are not new to the iron technicians in the Voith Turbo division. There have been business relationships for almost 20 years. Drives, power drives and connections already come, for example, for China’s CRH3 high-speed rail, which can travel up to 350 kilometers per hour.

CRRC competes with Siemens in the global iron industry industry. The Munich-based technology group is currently running a merger of the division with the French rail carrier Alstom despite the competition problems of the EU Commission-1; also to be better positioned against its rival from China.

Voith extends its operations in China further through a joint venture with CRRC. It was not until the beginning of 2017 that the company opened a new major railroad technology near Shanghai.